Assume the following equations are the market for Jeep Grand Cherokees, then pick the equilibrium level of price and quantity: Q= 80,000 - 2P and Q = 0 + 1.2P
A) Price = $ 25,000 and Quantity = 30,000
B) Price = $ 20,000 and Quantity = 24,000
C) Price = $ 30,000 and Quantity = 36,000
D) Price = $ 28,000 and Quantity = 33,600
E) Price = $ 40,000 and Quantity = 48,000
what are three main goals sought by policymakers in the economy?
please help me one of my posts has a question I need checked and the other I don't know. I don't know what you guys are thinking.I really need help im not some kid on here scrapping for answers I posted my thoughts on a question but I still get no response? Whats up with that?
Our economics expert is not available. The rest of us are not economics experts.
If I was an economic policy maker, these would be some of my goals:
1. ensure a fair market in which consumers can purchase goods/services at fair prices
2. encourage fair competition that promotes new businesses and enhanced productivity
3. maintain good relations with other countries for the purpose of buying/selling imports/exports
Jon: lets be straight on a few items about the Jiskha homework help site. First and foremost, the experts who answer questions are volunteers. We are not paid and we are not obligated to answer anybodys question(s). And, trust me on this point: I seriously doubt you could afford to pay me what I would charge as a economics tutor. That said, I only visit the site to answer questions when my own time and energy permits. I rarely visit the site on weekends.
I personally tend to NOT answer open ended questions like the ones you just posted. Open ended or opinion question usually have no right answer.
Further, I tend to answer questions where the student has indicated, in some way, he/she has made an attempt at the problem. We are not here do do student's homework for them, but to guide and critique their thinking process. So, you are much more likely to get a response, (from me anyway), if you include your own thinking on the subject.
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